It seems that every call I have had this month, includes a state­ment some­thing along the lines of “I will need to wait to get back to you until next week.  My whole office on vaca­tion”.  Makes sense, August is the last chance for relax­ation before the back-to-school crazi­ness begins and for a lot of peo­ple, it is when they plan their vaca­tion.  While this slow­ness can be a lit­tle annoy­ing because maybe you aren’t pulling in as much rev­enue as the oth­er months of the year, you can real­ly take advan­tage of the down­time.  The more you do while every­one is away, the more pre­pared you will be when every­one returns and wants to get down to busi­ness.


Organize your 1099 employee paperwork

I know this sounds out­landish to think about tax­es when it’s 8 months away but this is the per­fect time to get all your paper­work ready to hand over to your accoun­tant.  For Price­less, we use a lot of inde­pen­dent con­trac­tors and each one of those con­trac­tors have paper­work attached to them for tax sea­son.  If you don’t have a run­ning ros­ter of your con­trac­tors, start one now and include infor­ma­tion that you need like their address, phone num­ber, and most updat­ed email address.  Cre­ate a check­list of paper­work need­ed for each per­son and reach out to those that still owe you so you aren’t scram­bling come April.

 

Catch up on financial projections

This task is one thing Price­less part­ner Justin has been adamant about and it is much appre­ci­at­ed.  Even though we have an accoun­tant that han­dles our big-pic­ture mon­ey, we keep our own com­pa­ny met­rics month to month.  These met­rics include how much we are bid­ding, how much we are receiv­ing, over­all labor costs, our com­pa­ny run­way, and oth­er tid­bits that help us see our finan­cial health.  It is easy to put off crunch­ing these num­bers because, well, it’s bor­ing.  How­ev­er, hav­ing this in order before your atten­tion is sucked up by client work will help you out in the long run.  Fig­ure out a process that works for you it is easy-peasy once the months start fly­ing by.

 

Tidy up the office

What bet­ter time to clean when every­one is gone?  Go through fil­ing cab­i­nets that haven’t seen atten­tion in a year.  Orga­nize the stor­age clos­et.  Take a good look at your office kitchen (with an empha­sis on the refrig­er­a­tor) and throw out any­thing that hasn’t been used in the last 3 months.  Clean­ing will not only give you a feel­ing of new­ness, but will also give you a jump start on keep­ing the sick­ness away for when we get into the flu and cold months of win­ter.  

 

Get serious about new hires

One of the biggest things that slacks dur­ing the sum­mer is recruit­ment.  New hires do require a lit­tle extra work by the team as a whole, so maybe it is easy for peo­ple to put it off until they are refo­cused come Labor Day.  Maybe it is more about the can­di­dates who are pro­cras­ti­nat­ing because, well, wouldn’t you rather go to the beach?  What­ev­er the rea­son, it is the opti­mal time to get ahead of your com­peti­tors and snag that tal­ent you want and real­ly need.  Even if you aren’t plan­ning on acti­vat­ing them until the last dog days are over, get them on the hook and com­mit­ted so it is a super smooth tran­si­tion and easy for them to get straight to work.

 

Re-evaluate your end-of-year goals

This one seems a lit­tle more obvi­ous see­ing that the end of the year is a mere 4 months away, but is often over-looked because August still feels a lit­tle ear­ly to be think­ing of Decem­ber.  Trust me, it isn’t.  What did you want to accom­plish by the close of 2016?  Have you been hit­ting these goals or do you still have some work to do?  Take a look at where you’re at and make a 4th quar­ter game plan to get you there.  If you are feel­ing real­ly over­whelmed, con­sid­er what can real­is­ti­cal­ly be done and what can creep into the new year.  Know­ing where you stand is half the bat­tle and there is def­i­nite­ly time to fin­ish strong.

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